ModernGraham

Author: Jonathon Ritchie

  • 2009 Morningstar Investment Conference- 6

    Thursday featured another break out session attended which featured Jeremy Grantham, co-founder of GMO. This session was primarily about where we are heading economically. Grantham was engaging and quite charismatic. Grantham used the analogy of a hurricane in Florida picking up bird feathers and scattering them randomly along the eastern shoreline to illustrate market bubbles. He […]

  • 2009 Morningstar Investment Conference-2

    This break out session focused solely on value investing with a retrospective look on 2008 and investing strategy. The speakers included Bill Nygren, portfolio manager forOakmark Fund, Meggan Walsh, portfolio manager for AIM Diversified Dividend Fund, and Martin Whitman, Co-Chief Investment Officer at Third Avenue Management. The session focused initially on the fumbles in 2008 that […]

  • Bear Stearns RIP 1923-2008

    This evening (3/16/08) it is being reported that JPMorgan will be purchasing the struggling investment bank for $2 a share. Yes, that is correct I did not forget a digit, the purchase price was $2 when this stock was trading in excess of $150 a share this time last year. Absolutely shocking to see by […]

  • In the news AND suggested reading

    In the WSJ today there was an interesting article regarding P/E ratios and using them to determine appropriate buying and selling opportunities. The article was on C1 and the author contended that although the S&P is trading at 13.2 times expected earnings, this number is likely to drop. I find myself hoping that the author […]

  • Valuation: Avon Products Inc. (AVP)

    Company Profile: Avon Products, Inc. (AVP) (obtained via Google Finance) Avon Products, Inc. is a global manufacturer and marketer of beauty and related products. Its products fall into three product categories: Beauty, which consists of cosmetics, fragrances, skin care and toiletries (CFT); Beauty Plus, which consists of fashion jewelry, watches, apparel and accessories, and Beyond […]

  • Valuation: Archer-Daniels-Midland Company (ADM)

    Company Profile: Archer-Daniels-Midland Company (ADM) (obtained via Google Finance) Archer-Daniels-Midland Company is engaged in procuring, transporting, storing, processing, and merchandising agricultural commodities and products. The Company’s operations are classified into three business segments: Oilseeds Processing, Corn Processing, and Agricultural Services. The Company’s remaining operations are aggregated and classified as Other. In December 2006, The Hain […]

  • Valuation: Coca-Cola Company (KO)

    Company Profile: Coca-Cola Company (KO) (obtained via Google Finance) The Coca-Cola Company, incorporated in September 1919, manufactures, distributes and markets non-alcoholic beverage concentrates and syrups. It manufactures beverage concentrates and syrups, which it sells to bottling and canning operations, fountain wholesalers and some fountain retailers, as well as some finished beverages, which it sells primarily […]

  • Valuation: Altria Group Inc. (MO)

    Company Profile:  Altria Group, Inc. (MO) (obtained via Google Finance) Altria Group, Inc. (ALG) is primarily a holding company. The Company, through its wholly owned subsidiaries, Philip Morris USA Inc. (PM USA) and Philip Morris International Inc. (PMI) are engaged in the manufacture and sale of cigarettes and other tobacco products. ALG’s 89% owned subsidiary […]

  • ValueInvesting Weekly

    This week’s value investing weekly will focus solely on the application of Ben Graham’s text Interpretation of Financial Statements. This is a great book because it acts as both a quick reference tool as well a great cover to cover read. The edition that I will be quoting is the classic 1937 edition which was […]

  • Valuation-Adobe Systems Inc. (ADBE)

    Company Review: Adobe Systems Inc. (ADBE) Company Profile: Adobe Systems Inc. (obtained via Google Finance) Adobe Systems Incorporated, incorporated in October 1983, is a diversified software company that offers a line of creative, business and mobile, software and services used by creative professionals, designers, knowledge workers, high-end consumers, original equipment manufacturers (OEM), developers and enterprises […]